Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRD – Get Free Report) dropped 6.8% during mid-day trading on Friday . The company traded as low as $36.84 and last traded at $36.0990. Approximately 627 shares changed hands during trading, a decline of 76% from the average daily volume of 2,653 shares. The stock had previously closed at $38.75.
Wheeler Real Estate Investment Trust Trading Down 6.8%
The stock’s 50-day moving average is $36.77 and its 200-day moving average is $37.31.
Wheeler Real Estate Investment Trust Company Profile
Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRD) is a real estate investment trust that specializes in the acquisition, ownership and management of single-tenant retail properties under long-term net leases. The company focuses on properties designed to generate stable, predictable income streams by transferring most property-level expenses—including taxes, insurance and maintenance—to its tenants.
The Trust’s portfolio comprises over 200 retail assets leased to a diversified mix of grocery stores, pharmacies, convenience concepts, fitness centers and other service-oriented operators.
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